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CNBC 4
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CNBC
Dec 26, 2012 4:00pm EST
leadership says there's a 50/50 chance that we'd get a deal between now and january 1st, but they don't have any progress signs to point to in a tangible way. that's sort of a gut feeling that that will happen, and senate republican leadership aides said we haven't heard anything from the white house or senate democrats, so right now it's looking stalemated. there still is time for people to come back and pass a temporary kick the can kind of solution that would at least get us past january 1st for a month, two months, three months, but we've got to wait and see over the next couple of days. president obama comes back tomorrow and the senate comes back late tomorrow, and then we'll see if they can get their act together and get it done. >> what do you think the stop-gap would look like, john? what kind of elements need to be addressed immediately? >> there are four really. one would be an extension of all the bush tax cuts under $250,000 in income for some period of time, probably temporary. the second is a stop-gap measure turning off the sequester for some short period of time. it may have
CNBC
Dec 31, 2012 4:00pm EST
on this game board. the senate hasn't voted for it yet. >> uh-huh. >> so i don't know. i think the negotiations are going on between a couple individuals. to throw this out in the full senate for a vote much less the house has a whiff of plan "b" and boehner on it. i think it may still get worked out in the band-aid form, but i don't think that's complete at this point. so i think maybe we're all going to be working tomorrow. >> i'm just getting word now that the house gop is going to caucus in an hour. they may not vote, but they'll be talking about what they're hearing coming from the senate and probably get more details at that point. it's not like we're not going to get any progress. but as i said before, rick, for something this important, would you want this to be that much of a rush job in. >> i agree with you. i totally absolutely agree with you. that it needs to be taken time. my reservation all day that i kept mum was is the house going to get this at ten minutes to midnight? i think those guys have some responsibility to do the job a little differently than the health care plan. i do
CNBC
Dec 27, 2012 4:00pm EST
trying to deflect attention on to me and my colleagues over the past few weeks is that they don't have a plan of their own that could get bipartisan support. the so-called senate bill that the majority leader keeps referring to passed with only democratic votes and despite the deep calls for the house to pass it, he knows as well as i do that he himself is the reason it can't happen. the paperwork never left the senate. there's nothing for the house to vote on the as i pointed out before we took the vote back on july the 25th the democratic bill is, quote, a revenue measure that didn't originate in the house so it's got no chance whatsoever of becoming law, end quote. that's what i said back on july 25th. the only reason we ever allowed that vote on that proposal, as i said at that time, was that we knew it didn't pass constitutional muster and that democrats were really serious they would proceed to a revenue bill that originated in the house, as the constitution requires, and as i called on them to do again last week. to repeat, the so-called senate bill is nothing more than a glorif
CNBC
Dec 28, 2012 4:00pm EST
on the major indices, puts on the dows or puts on the spiders. i don't know anything about gold. if i'm forced into a hard asset, would i rather look at silver, but in bonds, i think the risk in bonds is extraordinary, but i'm not a bond guy, so it's a little prejudice, but that's a dangerous play to me. >> see you later. all right. here we go. we're going into the last hour here as we wrap up the trading week near the lows of the day and of the week, down 142 points. stick around. we may hear something out of this white house meeting during this second hour of the "closing bell" which gets under way right now. >>> and welcome back, everybody, to the "closing bell." i'm mandy drew i sitting in for maria bartiromo. lots of drama in washington. congressional leaders have arrived at white house. they arrived there about an hour ago with three days to go before we go over that proverbial fiscal cliff. they are meeting with the president and the treasury secretary timothy geithner, and they are trying to hash out a deal. but reports that the president has nothing new on the table has ended up spook
Search Results 0 to 3 of about 4